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Market Analysis: Steady Growth Expected in MRI Market

Medical imaging continues to lead to improved diagnosis and treatment of various medical conditions. Magnetic Resonance Imaging (MRI) is among the leaders in medical imaging.

Sun Feb 01 2015By Medical Dealer Magazine

 

Medical imaging continues to lead to improved diagnosis and treatment of various medical conditions. Magnetic Resonance Imaging (MRI) is among the leaders in medical imaging.

Kalorama Information reported that the MRI market grew at a rate of 4 percent with global revenues for 2013 exceeding $5 billion. A recent report by Kalorama Information “Medical Imaging Markets” analyzes the medical imaging market and predicts growth for the MRI segment.

“An important market development in MRI has been the use of higher Tesla scanners,” said Joseph A. Constance, author of the Kalorama Information report. “Such systems are increasingly being used in clinical pediatrics, due to their superior resolution.”

Constance forecasts continued growth for the global MRI market through 2018.

“Magnetic resonance imaging (MRI) has been one of the more frequently used medical imaging modalities – about 30 million MRI scans are estimated to be performed annually. MRI use in chest, vascular, breast and cardiac imaging procedures has been increasing,” according to Kalorama Information.

A recent report from ReportsnReports estimates growth up to the year 2018 and the report “is an attempt to showcase the technology and market impact of existing and emerging MR systems having a huge growth potential in medical imaging for the coming five years.”

The information provided by ReportsnReports forecasts growth in the MRI market to approach $5.25 billion by 2018.

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